Gamco Investors INC. ET AL Has $96.88 Million Holdings in Herc Holdings Inc. $HRI

Gamco Investors INC. ET AL decreased its position in shares of Herc Holdings Inc. (NYSE:HRI) by 8.8% in the 1st quarter, Holdings Channel reports. The firm owned 973,141 shares of the transportation company’s stock after selling 93,581 shares during the quarter. Herc accounts for about 1.0% of Gamco Investors INC. ET AL’s portfolio, making the stock its 14th largest holding. Gamco Investors INC. ET AL’s holdings in Herc were worth $96,876,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HRI. Sei Investments Co. raised its stake in Herc by 76.9% during the first quarter. Sei Investments Co. now owns 36,844 shares of the transportation company’s stock worth $3,668,000 after buying an additional 16,017 shares during the last quarter. State of Wyoming boosted its position in Herc by 21.0% during the first quarter. State of Wyoming now owns 616 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 107 shares during the last quarter. First Trust Advisors LP grew its holdings in Herc by 13.4% during the 1st quarter. First Trust Advisors LP now owns 873,338 shares of the transportation company’s stock worth $86,941,000 after acquiring an additional 103,047 shares during the period. Dimensional Fund Advisors LP grew its holdings in Herc by 17.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,164,022 shares of the transportation company’s stock worth $115,872,000 after acquiring an additional 170,189 shares during the period. Finally, Swiss National Bank raised its position in shares of Herc by 0.3% in the 1st quarter. Swiss National Bank now owns 62,557 shares of the transportation company’s stock worth $6,228,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Herc Price Performance

HRI stock opened at $162.33 on Friday. The stock has a market capitalization of $5.42 billion, a PE ratio of -601.21, a price-to-earnings-growth ratio of 29.64 and a beta of 1.88. The company’s 50-day moving average is $142.83 and its 200-day moving average is $137.28. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.46 and a quick ratio of 1.46. Herc Holdings Inc. has a 1 year low of $88.45 and a 1 year high of $188.35.

Herc (NYSE:HRI) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.42. Herc had a positive return on equity of 10.72% and a negative net margin of 0.11%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $1.30 EPS. The firm’s revenue for the quarter was up 32.3% compared to the same quarter last year. Equities research analysts expect that Herc Holdings Inc. will post 5.3 EPS for the current fiscal year.

Herc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Herc’s dividend payout ratio (DPR) is -1,037.04%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Herc from $160.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup raised their target price on Herc from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lifted their target price on Herc from $140.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. BNP Paribas Exane initiated coverage on Herc in a research note on Monday, June 29th. They issued a “neutral” rating and a $160.00 price target on the stock. Finally, Weiss Ratings upgraded Herc from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $173.43.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.